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Wednesday, June 13, 2018

Cost of Fossil Fuel Investment Is Too High

Fossil fuel investment is not just bad for the global climate. It could also be dangerous for investors, and for national economies.

European and Chinese scientists have identified a simple new way to become poor: fossil fuel investment. Not only could it leave you without a penny to your name. It could perhaps precipitate a global financial crash within one generation.Coal, oil, and natural gas are already huge investments. The International Energy Agency foresees price rises until 2040, and investor confidence is high. But researchers from the Netherlands, the UK, and Macao don’t see it that way.Other forces are now driving global power and transportation in directions that suggest a dramatic decline in demand for fossil reserves. These will become what the money markets call “stranded assets”, and their value will slump some time before 2035.Read more at Cost of Fossil Fuel Investment Is Too High